GBP/USD remains bearish; 2010-low is in sight

Bearish Q1 2013: After starting the year with a push above a key resistance at 1.6310, GBP/USD retreated sharply from a 1.6380 high and has not looked back. After last Friday’s (3/8) NFP data, the USD gained across the board, and the already ailing pound fell further against the greenback. The…

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GBP/USD remains bearish; 2010-low is in sight